The Illinois Production Alliance was instrumental in the passage of the current Illinois Film Production Tax Credit Program. This year, the IPA along with the Motion Picture Association and the Chicagoland Chamber of Commerce have introduced legislation to modestly expand the Film Tax Credit. As a member of the film community you know the importance of the Tax Credit. This modest expansion will mean even more jobs, production opportunities and training for a future workforce. Please sign up today to join our coalition in support of this important initiative for our community.
Here is what is included in the legislation:
- A modest expansion to allow for a *limited number of non-resident wages to qualify for the credit
- *Qualifying Non-resident wages are limited to, Director, Writer, Director of Photography, Production Designer, Costume Designer, Production Accountant, VFX Supervisor, Editor, Composer
- In qualified productions of $25,000,000 or less, no more than 2 non-resident actors qualify
- In qualified productions of more than $25,000,000, no more than 4 non-resident actors qualify
- $500,000 cap on each qualified resident and non-resident wages
- Creates the Illinois Production Workforce Development Fund which is funded entirely by the qualified productions, to allow the Department of Commerce and Economic Development make grants to qualified organizations that provide film production workforce training programs. 50% of the grant funds must be allocated to minority owned organizations, or educational/training programs whose participants represent a minimum of 50% minorities
- Effective July 1st, 2021
Click here to join the Illinois Production Alliance and the growing coalition that advocates for passage of this legislation. The current session ends on May 31. Time is of the essence. The Illinois Production Alliance is committed to keeping your email address confidential.
Your voice matters. Citizen action is the hallmark of enacting impactful and effective public policy.
For questions, comments and suggestions, email: illinoisproduction@gmail.com.